Windar Photonics – emphasises “particularly strong growth in the second half”… so why further share price decline?...

’Technology group that develops cost-efficient and innovative Light Detection and Ranging optimisation systems for use on electricity generating wind turbines’ Windar Photonics (WPHO) has made an “Issue of Equity & Trading Update”. This includes that second half sales are “expected to represent more than four times the value achieved in the first six months of the year and more than double the comparable period in 2019”... So why have the shares currently responded more than 4% lower, to below 11p?...

Windar Photonics (#WPHO) – H2 sales increase & recent cost savings to see reduced adj. loss, though still £0.5m equity raise at 11.25p

Windar Photonics – following delayed 2019 results publication, delayed interims at last published (& guess what)...

Having been apparently unable to publish its 2019 calendar year results until 6:32pm on Friday, today from LiDAR wind sensor company Windar Photonics (WPHO) delayed results for the first half of 2020, though with CEO Jørgen Korsgaard Jensen “very pleased that the company has… managed to reduce the EBITDA loss and substantially improve on operating cash flow performance”. The shares have though responded to 18p, more than 7.5% lower...

Windar Photonics – “pleased to announce” appointment of a new broker. I wonder why...

An “Appointment of Nominated Adviser and Broker” announcement from Windar Photonics (WPHO) – I note following an ‘extension of loan’ announcement towards the end of last month...

Windar Photonics – again “pleased to announce”... but still for how long is its cash sufficient?

“Windar Photonics plc (AIM:WPHO), the technology group that has developed a cost efficient and innovative LiDAR wind sensor for use on electricity generating wind turbines, is pleased to announce that it has renegotiated the terms of its Growth Fund borrowing from the Danish public institution, Vaekstfonden”. This following I previously concluding on Windar including Of course, “to strengthen the company's balance sheet” means ‘to currently keep the lights on’ – so I guess it is pleased in that respect! However, with the “challenging… trading conditions… conversion of the sales pipeline into confirmed orders being particularly slow”, will the new cash really be sufficient for long?...

Windar Photonics – argues “pleased to announce”… but is it really more burying bad news on Election day?

“Windar Photonics plc (AIM:WPHO), the technology group that has developed a cost efficient and innovative LiDAR wind sensor for use on electricity generating wind turbines, is pleased to announce that it has raised £1,407,370 (before expenses) by way of a subscription… at 27.5 pence per share”…

Windar Photonics – you were warned!; follows intra-day auditor resignation with now intra-day “Trading Update”…

Previously writing on Windar Photonics (WPHO), towards the end of last month I noted intra-day (hmmm!) “Auditor Resignation” (uh oh!)… – concluding, with the shares further lower to 42.5p, jam tomorrow is with a still market cap here of circa £19 million and the auditor having resigned after also it noted on last year’s results; “The Independent Auditor's Report on the Annual Report and Financial Statements for 2018 was unqualified, but included a reference to the material uncertainty related to going concern in respect of the timing of future revenues”. With that certainly looking to remain the case and the rest of the above, natch, still bargepole / sell. Now it’s intra-day (this time 1:50pm) “Trading Update” (uh oh!)…

Windar Photonics – intra-day (hmmm!) “Auditor Resignation” (uh oh!)…

An intra-day (rarely a good sign) announcement from wind turbines “light detection and ranging optimisation systems” company Windar Photonics (WPHO); “Auditor Resignation” (again rarely a good sign!)…

Windar Photonics (#WPHO) plenty of excuses for a piss poor FY trading update

Windar Photonics (#WPHO) – raises £2.2m at 82.5p “to strengthen the company's balance sheet”

Windar Photonics (#WPHO) New order from a Chinese Distribution Partner ( value undisclosed natch)

Windar Photonics (#WPHO) new orders in Canada and from South Korea - no financials natch

Windar Photonics (#WPHO) secures new large Indian order but no financials given

Windar Photonics – does “orders from large scale US IPP” announcement merit the 20%+ share price rise?

Shares in wind turbine technology company, Windar Photonics (WPHO) currently trade more than 20% higher, above 100p, on the back of an announcement of “a repeat order for its WindEYE LiDAR wind sensors from a large North American wind farm owner and operator for immediate delivery”…

Windar Photonics – a “trading update” extraordinary even by the standards of the bottom of AIM

Having listed on AIM on 30th March this year, wind turbines technology company Windar Photonics (WPHO) announced results on 29th May including that “during the last financial year we have managed to meet our sales targets and are now well positioned in the current financial year, particularly in the Chinese market”. There is now however “a trading update based on the company’s performance during the first five months of 2015” which includes that “the directors anticipate that there will be a material revenue shortfall in this region (Asia) for 2015… this will have a consequentially material adverse effect on the group sales and losses for the current year ending 31 December 2015”. You what? …

Windar Photonics (#WPHO) buried amid stacks of blather there is a PROFITS WARNING